13 September 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 14 SEP 2017

"BANKNIFTY FUTURE CALL GIVEN IN LAST POST ACHIEVED ALL THE TGT"
FOR NIFTY BANK NIFTY FUTURE CALLS LIVE FILL UP THE FORM GIVEN HERE>>>> 
The Nifty which came within kissing distance of new high of 10150 came under selling pressure in the last hour of trade and closed below its crucial support level of 10100 making a ‘Spinning Top’ kind of pattern on charts.  A Spinning Top candle is often regarded as a neutral pattern which suggests indecisiveness among both bulls as well as bears and can be formed in an uptrend as well as in a downtrend. The Nifty future opened at 10100 and rose to an intraday high of 10144 it slipped to an intraday low of 10078 which made a small lower shadow. It closed 11 points lower at 10096.
It seems that tug of war between bulls and bears would continue for next few days to get a fresh leg of the rally. The trend of the market is intact to positive but if it sustains below 10150 then only a profit booking could be seen towards 10010-9975 zones while on the upside a decisive move above 10155 could commence the next leg of the rally towards 10175 then 10225 marks. We could not see Wednesday’s session as a sign of trend reversal. The index needs to stay above the 10025 level before it sees any bounce towards the 10025 level. 
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Resistance:  10155, 10175
Support: 10085, 10055

1 comment:

  1. I hv watched ur banknifty call....it was amazing.
    actually I hv only 20k so can I do start trade in nifty future.??

    ReplyDelete